NEW PROFESSIONALS MORTGAGE FROM FOUNDATION HOME LOANS
On Thursday 25th November, Foundation Home Loans is launching a new specific range of owner-occupied mortgage products with enhanced Loan-to-Income limits specifically for Professionals.
Joint applications are permitted up to a maximum of two applicants, one of which must be the Professional, qualified in and currently practising in one of the eligible professions, and over the age of 25.
Available to first time buyers and non-first-time buyers, for purchase or remortgage, on a capital and interest repayment basis only.
Professionals Mortgage
- Loan-to-income ratio of up to 6 x income
- 2-year discount rates with no ERCs from 2.84%
- 2-year fixed rates from 2.99%
- £1,495 product fee
- Maximum loan £750k
- Minimum age 25
- Rate tiers up to 75% and 85% LTV including for first time buyers
- One free standard valuation
On the affordability calculator, simply select ‘Professional’ from the specialist mortgage type dropdown to enable the enhanced income ratios.
